A weekly compilation of news from around the world of investor relations.
IR Service Provider of the Week
Please support our premier directory members. They make this site possible.
Precision IR Offers Investor Outreach Platform in Partnership With London Stock Exchange
The London Stock Exchange Issuer Services will equip LSE-listed issuers with PrecisionIR’s PrecisionQT institutional investor targeting database, the Annual Report Service to reach retail investors, and webcasts, webinars and virtual roadshows.
http://www.precisionir.com/about/newsrelease.aspx?id=157
TheNewswire.ca Launches Free SEDAR Filings, EDGAR Pondered
TheNewswire.ca has announced that it is now offering free press release SEDAR filing services as part of its standard Annual Unlimited Canada & US Timely Disclosure package. TNW hasn’t ruled out incorporating EDGAR as part of its arsenal of products for US-based companies.
http://www.thenewswire.ca/archives?tnwarchive2=release_id%3D2459
Broadridge to Introduce Mobile ProxyVote Platform
Its ProxyVote®.com platform will be available on mobile data devices such as smartphones and tablets in early 2011. Until now, shareowners who had registered for electronic delivery of proxy materials and were notified via e-mail, would only be able to cast electronic votes via their personal computers. According to Broadridge, e-mail delivery of proxy materials is growing exponentially; nearly tripling from the annualized period ending June 30, 2006 of 27 million deliveries to almost 78 million deliveries for the annualized period ending June 30, 2010.
http://www.broadridge-ir.com/ne/br120210a.htm
Firms Unite to Create Next Generation of Global Governance Ratings
A merger between the Corporate Library, GovernanceMetrics International (GMI) and Audit Integrity will lead to a single governance rating forthcoming on July 1, 2011. The merged firms serve more than 20,000 public companies.
http://www.corporatesecretary.com/articles/11445/merger-ushers-perspective-corporate-governance/
Canadian Securities Regulators Release Corporate Governance Disclosure Review
The review found disclosure is worse than before, with 55% of issuers falling short in their corporate governance disclosure compared to 36% in a similar review in 2007. Areas for improvement include disclosure on directors, position descriptions, orientation and continuing education, ethical business conduct, nomination of directors, and assessments.
http://www.osc.gov.on.ca/en/NewsEvents_nr_20101202_csa-corp-gov-disclosure.htm
CII Releases Report on Wall Street Pay
The Council of Institutional Investors (CII) released a new report today that concludes that Wall Street’s executive compensation practices have improved somewhat since the global financial crisis, but warns that major banks still are not tying pay to long-term gains in performance.
http://blog.riskmetrics.com/gov/2010/11/cii-releases-new-report-on-wall-street-pay.html
Investors Seek More Disclosure by US Chamber of Commerce Members: Secrecy of Trade Groups’ Political Spending at Issue
Perhaps motivated by the financial crisis and public outcry over Citizens United, some resolutions calling for greater corporate disclosure won over 30 percent support in 2010. The effort to make the Chamber more transparent may also attract broader support from major investors. For example, Responsible Investor has reported on a looming showdown between the Chamber and the $131 billion California teachers’ pension fund.
http://blog.riskmetrics.com/esg/2010/12/us-chamber-disclosure.html
JPMorgan Gives Investment Bankers IPads
JPMorgan, the second-largest U.S. lender by assets behind Bank of America, will distribute iPads free of charge to all associates in its global investment banking division. Bankers will be able to access e-mails, contacts, calendar and attachments via Microsoft Outlook, as well as have the ability to mark-up and annotate confidential documents and make client presentations. They will also be allowed to download applications for personal use. http://www.bloomberg.com/news/2010-11-30/jpmorgan-gives-its-investment-bankers-ipads-in-challenge-to-rim-blackberry.html
Tweeting Restrictions Risk Leaving Brokers With Not Much to Say to Clients
About 84 percent of U.S. brokerage firm employees polled by New York-based wealth marketing firm HNW Inc.said they don’t use social media because company and industry regulations make it too burdensome.
http://www.bloomberg.com/news/2010-12-03/tweeting-rules-may-leave-brokers-with-little-to-say-to-clients.html
The Case vs. Chu (and PGR)
The complaint against Don Ching Trang Chu, formerly of Primary Global Research (PGR), an expert network based in Mountain View California, is the first substantive action impacting expert networks, after a long and ongoing campaign of innuendo. The information that the complaint alleges that Chu passed to Lee is not gray area information, but clearly material non-public information.
http://www.integrity-research.com/cms/2010/11/30/the-case-vs-chu-and-pgr/
Got a news tip?
Send them to irwebreport@gmail.com
Pam Agnew, ABC is a director of IR Web Reporting International Inc. and an award-winning communicator. She has more than 20 years of corporate and agency experience in investor, crisis, corporate, media, stakeholder and sustainability communications on four continents for leading global companies as well as stock exchanges, securities regulators and large institutional investors.
Subscribe to feed